Tesla inventory5/20/2023 ![]() UPDATE: Carmax sold 57% of its ENTIRE Tesla inventory in the past 24 hours ? Īs I believe I’ve expressed before, I have some skepticism about and not just because he pays for a blue checkmark and tweets bullshit memes. It doesn’t require a lot of shrewd analysis to see that lowering prices helps to move inventory.īut what of used cars? Used cars also qualify for incentives but they’ve got to be below $25k and sold by a dealer, so that rules out most used Teslas for sale right now. Then came Tesla’s big price drop last week, putting the Model 3 and Y into contention for the tax break in certain trims.ĭid it work? The TeslaData website tracks Tesla inventory and, going back to October, you can see a big spike in the inventory above followed by a big drop. The problem? New Teslas were mostly too expensive. The Great Tesla Sell-Off Continuesįirst, there was the great sell-off in Tesla stock, with the company losing 64 percent of its value in the last year (based on the current stock price, which I Googled about two minutes ago.) Then came the Inflation Reduction Act, with a quirk that meant new Teslas suddenly could qualify for the full $7,500 tax credit until the end of March. If that’s not your vibe, I also have the dullest story in the history of dull stories because David is quite excited about it. ET (or the video after 5 p.m.The sudden Tesla price drops have had the seemingly intended impact on Tesla’s inventory, with cheaper cars and government incentives colliding to move a lot of the cars. ![]() Here’s the live stream for today’s episode starting at 4 p.m. ![]() Volvo closes flagship EX90 SUV orders as EV sales reach 18% in Q1.GM and Samsung partner to build a new $3 billion battery cell factory in the US.GM announces Chevy Bolt is over, long live the Equinox.Ford CEO warns Tesla about ‘product freshness,’ believes their EVs are becoming commodities.Tesla brings back regenerative braking options on its electric cars.Tesla gives update on battery degradation: only 12% after 200,000 miles.Tesla makes its controversial Yoke steering wheel an option with a $250 premium.Korea offers Tesla ‘active support’ to build Gigafactory there.Tesla says Elon Musk’s statements on self-driving ‘might have been deep fakes’ in bizarre defense.Tesla (TSLA) inventory reaches new high, pointing to price cuts not working.Here are a few of the articles that we will discuss during the podcast: We have some awesome gifts for our Patreons and more coming. We now have a Patreon if you want to help us to avoid more ads and invest more in our content. ET, the video will be archived on YouTube and the audio on all your favorite podcast apps: Head to the YouTube channel to get your questions and comments in.Īfter the show ends at around 5 p.m. ET on Electrek’s YouTube channel – except for this week, we are doing it on a Thursday due to a scheduling conflict.Īs a reminder, we’ll have an accompanying post, like this one, on the site with an embedded link to the live stream. In this week’s episode, we discuss Tesla’s inventory problem, Musk’s deep fakes self-driving comments?, the Bolt EV getting killed, and more. ![]() On the Electrek Podcast, we discuss the most popular news in the world of sustainable transport and energy. ![]()
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